A new version with the updated tax tables for 1 July 2021 and later is available now (from 28 June).
The version number is 126.96.36.199.
All users need to re-download to get the updated tax withholding rates for the 2022 financial year. Note that you do not need to uninstall as in the video you can just download and install.
This video demonstrates how to install Free Accounting Software (FAS3 Desktop) on Windows 10.
WINDOWS: To download the Windows Installer click here.
WINDOWS - 32 bit: If on a 32 bit version of Windows Download the 32 bit version, click here.
MAC: To download the Mac package click here.
LINUX: To download the Linux package click here. Note on some Linux systems the software freezes for a couple hours when creating the FAS Identity file.
Here are some additional details on the install and setup, and some useful tips.
It's worth spending a little time setting this up, making sure you understand what is going on, as it's what keeps your data secure and accessible to you.
The install itself is really easy just download the file SetupFAS3Desktop.exe from the link at the top of this page. It will give yu the option to run. Note that when the download completes the Run option may not appear until you click the more info link.
Free Accounting Software (FAS) is a highly secure software. I encrypts your business file so that only authorised users can access it. To do this it needs a digital certificate which is stored in your FAS identity file. Therefore you first step is to create the FAS identity (not the business file).
Whilst this level of security is probably more than you need when the business file is stored on your computer, often the business file does not just stay on your computer with it being sent to your accountant or bookkeeper or even sent to another computer for your own access. The encryption makes it possible to send the data in a secure way.
Security is only becoming a bigger and bigger issue and as a business owner you need to protect not just your own data but that of your employees as well.
Tip: Once you have created your FAS identity file close the software and restart it. This ensures that you can successfully unlock your FAS identity file, which you will need to do on subsequent logins.
Warning: You need 2 things to access your business file. Your password AND your FAS identity file. If you forget your password or lose the FAS identity file you will not be able to access your business data. It's as far as we know an unbreakable security that keeps bad guys and those that lose their login credentials out.
At this point you can create your business file. The default name is "MyBusiness.fas".
You can create as many business files as you like. So you will end up with one FAS identity file and one or more business files.
The above video demonstrates how to send business files to other users and how to send them to your downloads folder.
Congratulations you have now set up Free Accounting Software.